will c

Dryships' Questionable Deals Don't Help Investor Confidence

Mark A, if DRYS ever decided to buy the 4 ships next year, it is actually paying $160 + $105 + $55 = $320 mln for them. That is only 20% discount from the $400 mln. Given the market has tanked and DRYS paid a premium for the ships, the discount is hardly enough to justify putting $105 mln for the option to purchase. After payout this huge amount of cash and failed to sell its ship earlier, DRYS might not survive long enough to exercise the option to purchase even if, big IF, ship price skyrocketed in late 2009.

Dryships' Questionable Deals Don't Help Investor Confidence

Mark A, you seriously don't see the conflict of interest? He personally is $160m - 35% * $160m = $104m richer after the transaction, but the company is poorer. The company already has high level debt, with that much cash removed from the balance sheet, and plus the ships are not generating positive cash flow, the company can go under very soon.

Funny thing is the CEO can buy the whole company from bankruptcy with small portion of that $160m that he just earned from the company.

Economou is one of the most crooked CEO, but he learned one thing that as long as you disclose everything you are not committing crime even you are stealing money from the public shareholders.

Potash Corp: Liquidity Trouble Ahead?

what type of analysis is this? this is like calling any man your father. dig deeper before publishing it.

Potash Corp: Liquidity Trouble Ahead?

Such silly simple calculation doesn't justify the big scary title. POT has spent billion in buying back shares because it can replenish its cash with billion dollar in profit every QUARTER. MOS recently reported its earning, and its current asset shot up ~30 incidentally. BTW, MOS earning stated that portash held up very well, but it is only a small portion of MOS products. Based on that, POT will do very well and its current asset will increase significantly. Liquidity is not a concern for POT!!

This article carries a very scary title in this market but no substance.

Further Thoughts on Trina Solar and the Solar Space

SOL is in the different category of the solar business. It produce similar products as WFR & LDK. It trades at lower valuation because its margin will diminish once more silicon wafers are brought to the market.